Press release
Waterborne Coating Market to phenomenally drive the global landscape over 2024
Waterborne Coating Market
At the time when sustainability has been gaining grounds, stakeholders are poised to infuse investments in eco-friendly coatings such as waterborne coatings. Environmental compliance has been one of the major reasons that is triggering end-users, including automotive and construction to opt for waterborne coating.
The implementation of rigorous regulations by watchdogs such as the U.S. Environment Protection Act (EPA) has led manufacturers to adopt waterborne coating products such as epoxy and acrylic. Notably, sectors such as automotive OEM, marine, architectural and coil are adding waterborne coating to their portfolios as they have low or no volatile organic compounds (VOCs) or hazardous air pollutants (HAPs).
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Prevailing trends in the industry
Increasing trend in automotive refinishing application is being witnessed as rising call to do away with solvent-based paints that contain harmful air pollutants and VOCs, such as ethyl benzene, xylene and methyl ethyl ketone has tightened in recent years.
With a high gloss finish without the added coating, waterborne coating has become an ideal choice for providing corrosion protection for the automotive parts being coated. Waterborne coating has become an apt primer given they have good resistance to abrasion and heat and offer tremendous adhesion.
Growth drivers of Waterborne Coatings Market are
Majority of the factories globally are catering to the opportunities presented by waterborne products. Regulatory shift has been the major driver as several countries such as China have been leading from the front towards shifting from solvent-based coatings. China has reportedly encouraged the use of waterborne coating by levying tax on solvent-based coatings for specific applications.
Increased traction for acrylic coating is set to fuel acrylic emulsion polymer systems as these products have long-lasting water repellence; increased alkali resistance and improved dry and wet adhesion to low-surface-energy substrates.
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Growth Opportunities
With both developing and developed countries starting to crackdown on VOC and HAP emissions, waterborne coatings have become an environmentally friendly alternative to solvent-based paint.
Traction for waterborne coatings in architectural paints is expected to witness an upward trend as they are being highly sought-after in roof and floor applications.
There are opportunities galore in North America and Europe as these regions are switching to waterborne from solvent-based automotive refinishing paints for environmental and health reasons.
Automotive OEMs in the U.S. and the U.K. have already started using waterborne paints. These regions have implemented framework that is favoring the expansion of waterborne coatings across applications.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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